M M Forgings Share Price
- Advice
- Hold
Start SIP in M M Forgings
Start SIPM M Forgings Performance
Day Range
- Low 585
- High 597
52 Week Range
- Low 413
- High 730
- Open Price590
- Previous Close586
- Volume6828
M M Forgings Investment Rating
-
Master Rating:
-
M M Forgings has an operating revenue of Rs. 1,575.09 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 12% is healthy, ROE of 17% is exceptional. The company has a reasonable debt to equity of 49%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 10% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 19% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 80 which is a GOOD score indicating consistency in earnings, a RS Rating of 42 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 60 indicates it belongs to a fair industry group of Auto/Truck-Original Eqp and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
EPS Strength
Price Strength
Buyer Demand
Group Rank
| Indicator | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 364 | 388 | 386 | 384 | 366 | 372 |
| Operating Expenses Qtr Cr | 297 | 313 | 313 | 312 | 303 | 307 |
| Operating Profit Qtr Cr | 72 | 75 | 75 | 72 | 62 | 65 |
| Depreciation Qtr Cr | 19 | 18 | 18 | 18 | 18 | 17 |
| Interest Qtr Cr | 15 | 13 | 11 | 9 | 10 | 7 |
| Tax Qtr Cr | 12 | 14 | 16 | 14 | 11 | 16 |
| Net Profit Qtr Cr | 32 | 39 | 38 | 37 | 30 | 30 |
M M Forgings Technicals
EMA & SMA
- Bullish Moving Average
- ___
- 14
- Bearish Moving Average
- ___
- 2
- 20 Day
- ₹586.68
- 50 Day
- ₹590.68
- 100 Day
- ₹578.72
- 200 Day
- ₹546.73
- 20 Day
- ₹587.63
- 50 Day
- ₹599.21
- 100 Day
- ₹597.38
- 200 Day
- ₹532.65
M M Forgings Resistance and Support
| Resistance | |
|---|---|
| First Resistance | 596.27 |
| Second Resistance | 606.83 |
| Third Resistance | 614.02 |
| RSI | 49.01 |
| MFI | 39.03 |
| MACD Single Line | -3.57 |
| MACD | -2.03 |
| Support | |
|---|---|
| First Support | 578.52 |
| Second Support | 571.33 |
| Third Supoort | 560.77 |
M M Forgings Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 41,457 | 2,292,572 | 55.3 |
| Week | 80,549 | 4,355,284 | 54.07 |
| 1 Month | 71,795 | 3,866,869 | 53.86 |
| 6 Month | 118,572 | 5,505,319 | 46.43 |
M M Forgings Result Highlights
M M Forgings Synopsis
NSE-Auto/Truck-Original Eqp
M M Forgings Ltd. is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 1527.08 Cr. and Equity Capital is Rs. 24.14 Cr. for the Year ended 31/03/2024. M M Forgings Ltd. is a Public Limited Listed company incorporated on 21/02/1946 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L51102TN1946PLC001473 and registration number is 001473.| Market Cap | 2,828 |
| Sales | 1,529 |
| Shares in Float | 2.12 |
| No of funds | 45 |
| Yield | 1.37 |
| Book Value | 3.46 |
| U/D Vol ratio | 0.9 |
| LTDebt / Equity | 47 |
| Alpha | |
| Beta | 1.08 |
M M Forgings Shareholding Pattern
| Owner Name | Jun-24 | Mar-24 | Dec-23 | Sep-23 |
|---|---|---|---|---|
| Promoters | 56.34% | 56.34% | 56.34% | 56.34% |
| Mutual Funds | 9.51% | 11.47% | 14.14% | 15.4% |
| Foreign Portfolio Investors | 2.85% | 2.28% | 1.93% | 1.72% |
| Individual Investors | 25.98% | 25.29% | 23.54% | 22.81% |
| Others | 5.32% | 4.62% | 4.05% | 3.73% |
M M Forgings Management
| Name | Designation |
|---|---|
| Mr. Vidyashankar Krishnan | Chairman & Managing Director |
| Mr. K Venkatramanan | Joint Managing Director |
| Mrs. Sumita Vidyashankar | Non Executive Director |
| Mr. Ramnath Nagarajan | Director - Commercial |
| Mr. Krishnakumar Raman | Director - Operations |
| Mrs. Kavitha Vijay | Independent Director |
| Mr. Shankar Athreya | Independent Director |
| Mr. S Krishnakumar | Independent Director |
| Mr. R Subramanian | Independent Director |
| Mr. Hari Sankaran | Independent Director |
M M Forgings Forecast
Price Estimates
M M Forgings Corporate Action
| Date | Purpose | Remarks |
|---|---|---|
| 2024-08-12 | Quarterly Results | |
| 2024-07-17 | Others | To consider and approve allotment of Bonus shares per share(50%)Interim Dividend |
| 2024-05-29 | Audited Results, Dividend & Bonus issue | |
| 2024-02-10 | Quarterly Results | (Revised) per share(50%)Interim Dividend |
| 2023-11-09 | Quarterly Results |
| Date | Purpose | Remarks |
|---|---|---|
| 2024-06-14 | FINAL | Rs.8.00 per share(80%)Interim Dividend |
| 2023-05-29 | FINAL | Rs.6.00 per share(60%)Interim Dividend |
| 2022-06-07 | INTERIM | Rs.6.00 per share(60%)Interim Dividend |
| 2021-07-02 | INTERIM | Rs.5.00 per share(50%)Interim Dividend |
| Date | Purpose | Remarks |
|---|---|---|
| 2024-07-16 | Bonus | Rs.0.00 issue in the ratio of 1:1 of Rs. 10/-. |
M M Forgings FAQs
What is Share Price of M M Forgings ?
M M Forgings share price is ₹592 As on 20 September, 2024 | 10:22
What is the Market Cap of M M Forgings ?
The Market Cap of M M Forgings is ₹2862.6 Cr As on 20 September, 2024 | 10:22
What is the P/E ratio of M M Forgings ?
The P/E ratio of M M Forgings is 21.1 As on 20 September, 2024 | 10:22
What is the PB ratio of M M Forgings ?
The PB ratio of M M Forgings is 3.6 As on 20 September, 2024 | 10:22